Keeping Account - 05.19.11

Restoration Anew

    Restoration Hardware, at 69 Main Street in East Hampton, will open its doors on Saturday. The new shop, dubbed the Gallery at East Hampton, will offer “an artful expression of home furnishings in a gallery setting,” according to material from the company, which promises “a complete re-conceptualization of the shopping experience.”

    The store will be open Monday through Saturday from 10 a.m. to 7 p.m. and Sunday from noon to 6 p.m.

Bank Ups and Downs

    An almost $13 million loss in the first quarter has caused Suffolk Bancorp, the one-bank holding company responsible for Suffolk County National Bank, to hold off on filing its quarterly report with the Securities and Exchange Commission, at least until further review can be conducted of the bank’s loans on file.

    In spite of the losses, the bank remains “well-capitalized,” according to a news statement.

    On Tuesday, the bank announced the appointment of Karen Hamilton as the new executive vice president of the corporation, and both the executive vice president and the chief lending officer of Suffolk County National Bank.

    With over 30 years of experience in managing large commercial loan portfolios, “Ms. Hamilton is uniquely well-suited to address the key challenges Suffolk Bancorp faces today,” J. Gordon Huszagh, the company’s president and chief executive officer, said in a release.

Paraco Gas

    To coincide with the opening of a Paraco Gas’s new South Fork office on Springs-Fireplace Road in East Hampton, the company has appointed Tom Bock of East Hampton to serve as its East End sales manager for the South Fork region.

    Mr. Bock is a former fire chief, lifelong South Fork resident, and 30-year member of the East Hampton Fire Department.

    Paraco has recently ramped up its South Fork operations, with daily and weekend gas deliveries and 24-hour emergency response available. The company offers all propane services, from the planning stage to installation and post-installation service and delivery.

    Almost all of Paraco’s employees at the new South Fork branch are members of local volunteer fire departments, which means safety-conscious first-responders are serving customers, Mr. Bock said in a release.